Property Portfolio
In a short space of time we have acquired an attractive, diversified and well-balanced portfolio of income producing assets generating significant surplus cash flow that will be further enhanced from a wide range of asset management initiatives.
We currently own 14 shopping centres with c500 tenants and the total portfolio is 1.23m sq ft. The Company is currently engaged in a significant risk-controlled development and refurbishment programme that, including joint-owned and managed shopping centres, extends to approximately 500,000 sq ft.
Approximately 22% of the rental income is derived from major high quality covenant food retailers such as Sainsbury’s, Tesco and The co-operative. Some 86% of the overall income is derived from national multiple retailers, the majority of which are food and value-focused operators. Currently the vacancy rate is modest at 4.5% and the portfolio Weighted Average Lease Expiry is 7.2 years.
Wrexham
Hope Street
Market Deeping
The Deeping Centre
Andover
High Street
Canterbury
High Street
East Ham
Sainsburys
Huddersfield
Packhorse Shopping Centre
Norwich
Guildhall Hill
